HUD and Census Bureau: New Residential Sales Report for September 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for September 2018: New Home Sales Sales of new single-family houses in September 2018 were at a seasonally adjusted annual rate of 553,000. This is 5.5 percent (±12.1 percent)* below the revised August…
FHFA: House Price Index Up 0.3 Percent in August 2018
U.S. house prices rose in August, up 0.3 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.2 percent increase in July was revised upward to 0.4 percent. The FHFA monthly HPI is calculated using home sales price information from mortgages…
SBA: Shawn Pensoneau Appointed to Office of Native American Affairs
Administrator Linda McMahon of the U.S. Small Business Administration announced the appointment of Shawn Pensoneau as the Assistant Administrator for the SBA’s Office of Native American Affairs. In this role, he will oversees the office’s collaboration with American Indians, Alaska Natives and Native Hawaiians who seek to create, develop and expand small businesses and ensure…
FDIC: Share of U.S. Households without a Bank Account Continues to Drop
Unbanked Rate Declines to 6.5 Percent in 2017 For the third consecutive survey period, the number of U.S. households without a bank account fell, according to the results of the 2017 biennial National Survey of Unbanked and Underbanked Households released today by the Federal Deposit Insurance Corporation (FDIC). “The good news is that our nation’s…
ABA: Association Donates $100,000 to Florida Disaster Fund
In light of the deadly devastation caused by Hurricane Michael, the American Bankers Association will donate $100,000 to the Florida Disaster Fund. ABA will also match donations made by ABA employees. The fund is the State of Florida’s official private fund established to assist Florida’s communities as they respond to and recover during times of…
ABA: Officers, Board Elected for 2018-2019
Members attending the American Bankers Association’s annual convention in New York have elected new ABA officers and directors to serve on ABA’s board for the 2018–2019 association year. The new officers are: CHAIRMAN: Jeffrey M. Szyperski, chairman, president and CEO, Chesapeake Bank, Kilmarnock, Va.; CHAIRMAN-ELECT: Laura Lee (Laurie) Stewart, president and CEO, Sound Community Bank,…
ABA: Jeffery Szyperski, Virginian Banker, Elected as New ABA Chairman
Today the American Bankers Association elected Jeffrey M. Szyperski as its chairman for the 2018-2019 association year. The election took place during ABA’s annual convention in New York. Szyperski is also chairman, president and CEO of Chesapeake Financial Shares, Inc., and Chesapeake Bank, an $820 million institution based in Kilmarnock, Va. In addition, he is…